Natixis Advisors LLC Grows Stock Holdings in POSCO (NYSE:PKX)

Natixis Advisors LLC raised its stake in POSCO (NYSE:PKX - Free Report) by 60.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,441 shares of the basic materials company's stock after buying an additional 6,202 shares during the period. Natixis Advisors LLC's holdings in POSCO were worth $781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new stake in POSCO in the 4th quarter valued at about $29,000. GAMMA Investing LLC boosted its position in POSCO by 329.1% in the 1st quarter. GAMMA Investing LLC now owns 1,605 shares of the basic materials company's stock valued at $76,000 after buying an additional 1,231 shares during the period. Lindbrook Capital LLC boosted its position in POSCO by 10.2% in the 1st quarter. Lindbrook Capital LLC now owns 3,412 shares of the basic materials company's stock valued at $162,000 after buying an additional 316 shares during the period. Johnson Investment Counsel Inc. purchased a new stake in POSCO in the 1st quarter valued at about $201,000. Finally, QRG Capital Management Inc. purchased a new stake in POSCO in the 1st quarter valued at about $212,000.

POSCO Stock Performance

POSCO stock traded down $1.43 during mid-day trading on Thursday, reaching $54.96. 44,652 shares of the company traded hands, compared to its average volume of 261,395. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.89 and a quick ratio of 1.32. POSCO has a fifty-two week low of $39.40 and a fifty-two week high of $74.01. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 67.83, a price-to-earnings-growth ratio of 0.39 and a beta of 1.36. The firm's fifty day moving average is $53.27 and its two-hundred day moving average is $48.60.

POSCO (NYSE:PKX - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.17). POSCO had a net margin of 0.69% and a return on equity of 0.81%. The company had revenue of $12.66 billion for the quarter, compared to analyst estimates of $13.21 billion. On average, equities research analysts expect that POSCO will post 3.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PKX shares. Wall Street Zen upgraded shares of POSCO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley upgraded shares of POSCO from an "equal weight" rating to an "overweight" rating in a research note on Friday, July 4th.

POSCO Profile

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.